The Latest
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FTC sues to block Tapestry’s $8.5B acquisition of Capri Holdings
The commission alleges the deal prevents competition between brands at both companies and gives Tapestry a dominant share of the “accessible luxury” handbag market.
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Unlocking the future of apparel fit and sizing: 5 crucial factors for brands evaluating size and fit technology
From digital twins to virtual try-ons and avatars, there's a wealth of innovative solutions available to help brands better understand and meet the needs of their customers.
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Fast fashion clothing worn less, kept for shorter time than resold luxury: report
Vestiaire Collective found that buying used, high-end goods is 33% more affordable than buying new fast fashion based on cost-per-wear metrics.
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Eileen Fisher hosts inaugural resale e-commerce ‘Earth Day Takeover’
The company’s Renew program directed online shoppers toward pre-worn garments rather than new ones as part of a larger take-back initiative.
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Athleisure is top dog in the teen closet: Here’s what the numbers say
Nike remains the top clothing brand for teens but is losing mindshare.
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EssilorLuxottica growth slows in Q1 as North America revenue lags
The luxury eyewear company saw modest gains, but noted that strong earnings in 2023 made comparisons challenging.
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Nuuly releases capsule collection made from its retired inventory
The 10-piece line was created in collaboration with Zero Waste Daniel, a designer known for making items from pre-consumer waste.
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New Gildan CEO announces strategic plan, preliminary Q1 revenue
The activewear company, which is weighing potential sale bids in the midst of a proxy battle, expects a 1% revenue decline.
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Asics creates a circular shoe, returns program
The sporting goods company designed a shoe ready to undergo recycling at the end of its use.
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Cotton used by H&M and Zara linked to illegal deforestation: report
A year-long investigation by nonprofit Earthsight found that fiber certified by ethical supply chain organization Better Cotton was grown on "stolen" and "deforested" land in Brazil.
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Adidas raises guidance for the year as Yeezy leftovers keep on giving
But the sneaker giant is building momentum beyond the now-discontinued sub-brand, and CEO Bjørn Gulden’s turnaround seems to be taking hold.
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LVMH revenue falls 2% in Q1
The company’s fashion and leather goods division was down year over year following record-breaking profits in fiscal 2023.
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Shein taps Flexport as logistics partner for US marketplace
The arrangement allows orders made through the fast fashion giant to activate logistics processes with the freight forwarder.
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Crocs shrinking shoes lawsuit to move forward
The footwear company had asked the court to dismiss a class action lawsuit that accused it of false advertising and misrepresentation.
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Dr. Martens CEO to step down amid ‘challenging’ fiscal year outlook
Kenny Wilson will be succeeded by Ije Nwokorie, the footwear company’s chief brand officer.
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Higher-income households wait for apparel sales: report
Top earners are especially aware of “retailer promotional patterns” in clothing, according to the Spring 2024 Consumer Sentiment Survey from Alvarez & Marsal.
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Billy Reid acquires Knot Standard’s DTC business
As part of the deal, the fashion brand will take over the DTC brand’s stores and start using its AI-based made-to-measure software in all its locations.
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Urban Outfitters granted favorable verdict in trade secrets legal fight
Now-defunct rental service Le Tote, which considered a sale to the fashion giant, said the Nuuly owner violated unfair competition rules.
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Aspirational luxury customers spend $274B a year on fashion: report
Consumers who spend a moderate amount generate half of total luxury brand revenue across seven countries, according to a McKinsey report.
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Deep Dive
Golf fashion moves into the mainstream
A new line from Tiger Woods, LVMH's latest collaboration with Tyler, the Creator and indie brands are helping to bring the sport from performance wear to streetwear.
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Levi’s taps Burberry veteran to lead DTC push
Gianluca Flore, who has also had leadership roles at Kering and Bottega Veneta, will oversee all of the denim brand’s selling channels globally.
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Gucci appoints deputy CEO
In the newly created role, Stefano Cantino will report to Jean-François Palus, who was named president and CEO in 2023.
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Rent the Runway turns to resale, advertising in renewed growth push
The apparel rental service beat expectations in Q4 and struck a note of confidence, saying its restructuring earlier this year wasn’t just about cuts.
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Nordstrom taps company veteran to lead Rack merchandising
Lori Marten has held various merchandising roles at the department store for nearly 30 years, and will join the off-price unit later this month.
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DHS unveils ‘enhanced strategy’ to fight illicit trade in textile industry
The plan includes cracking down on small shipments that fall under the de minimis exemption and benefit fast fashion giants such as Shein and Temu.
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Shein has copyright infringement ‘baked into’ its business model: class action lawsuit
The complaint is the latest to claim the fast fashion company steals designs from independent artists.
Updated April 10, 2024